Case Brief
RBI, by order dated February 09, 2026, imposed a monetary penalty of ₹3 lakh on The Ganganagar Kendriya Sahkari Bank Limited, Rajasthan. The action followed a NABARD statutory inspection and a show-cause proceeding in which RBI found sustained charges of non-compliance with its KYC directions, specifically failures to review risk categorisation of accounts at least once every six months and to periodically update customer KYC as required. The penalty was levied under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act.
Action Snapshot
- Primary Impact
- Fine: Rs 3.00 L
- Entity Type
- Co-operative bank
- Location
- Rajasthan
- Order Date